Carlyle acquires 49 pct of mid-market China hotel chain

July 05, 2012|Reuters

HONG KONG, July 5 (Reuters) - U.S. buyout fund Carlyle GroupLP said on Thursday that it has acquired 49 percent ofChina's Mandarin Hotel Holdings Ltd for an undisclosed sum,giving it control of the company.

Eric Zhang, a managing director at Carlyle, will become thecompany's co-chairman.